150 MILLION
London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment
London-based PE firm finnest has acquired a majority stake in cloud kitchen startup Kitchens@ with an investment of Rs 1,335 crore, making it the largest shareholder. This round values Kitchens@ at $305 million, post-money, sources told ET. Kitchens@ provides services like ready-made kitchen setups, as well as supply chain and hiring support to cloud kitchens.
Why does Ford recall over 550,000 F-150 trucks? Know in detail
Ford is recalling over 550,000 F-150 pickup trucks in the United States due to a critical transmission issue. To resolve the issue, Ford stated that it is collaborating with the NHTSA.
Scientists discover river system that flowed 40 million years under ice in Antarctica
Geologists have discovered an old river that formerly flowed through Antarctica but is now buried below kilometers of ice.
Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix
Private equity firm Warburg Pincus is set to lead a $100-150 million funding round in SoftBank-backed SaaS firm Whatfix, with participation expected from SoftBank and early investors Helion Venture Partners and Eight Roads Ventures. Whatfix is said to be clocking an annual recurring revenue of $70-75 million.
GenAI startup Ayna raises $1.5 million in funding round led by Inflexor Ventures
Generative AI startup Ayna raises $1.5 million led by Inflexor Ventures to enhance AI capabilities for product photography accessible to businesses.
Early-stage VC Z21 Ventures planning $40 million second fund
Z21 Ventures, an early-stage investment firm focusing on the India-US corridor, has fully deployed its first $5-million fund and is gearing up to launch a $40 million second fund. The firm, founded in 2022 by Abhinav Shashank and Raj Shekhar Singh, targets enterprise software and hardware startups with investments ranging from $100,000 to $150,000, backed by a community of Indian-origin technology executives like Google, Amazon, and Meta.
- Go To Page 1
India will need to build 100 million homes this decade amid rising household incomes
India's property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 mn Indian households turning eligible for home ownership over the next 10 years, there would be a requirement for as many as 100 million new houses.
Skincare brand Foxtale raises $18 million from Panthera Growth, others
Direct-to-consumer (D2C) skincare brand Foxtale has raised nearly Rs 150 crore in the latest funding round. It will use the capital mainly for expanding into newer categories, founder Romita Mazumdar told us. The company will foray into body care category which includes products like lotions and body wash, she added.
Berkshire buys additional 2.57 mln shares in Occidental Petroleum, shows filing
Warren Buffett's Berkshire Hathaway ups Occidental Petroleum stake, acquiring 2.57 million shares in early June, now owning around 250.6 million shares. Berkshire's investment surpasses $150 million. Previous ventures include joint lithium extraction project in California.
QS World University Rankings: MIT best varsity; IIT Bombay, IIT Delhi among top 150
MIT secures top spot in QS World University Rankings for 13th year. Imperial College London jumps to second place, Harvard and Oxford tie for third. Cambridge and Stanford drop in rankings.
SpiceJet plans to raise USD 250 mn in next couple of months: Airline Chief Ajay Singh
SpiceJet Chief Ajay Singh announced plans to raise around USD 250 million in the next few months to boost operations amid challenges such as lessor and debt issues. Singh expressed confidence in overcoming obstacles, stating the airline's balance sheet will be strengthened over the next two quarters. Despite current challenges, SpiceJet aims for growth and stability, with plans to expand its own fleet while emphasizing the importance of aviation hubs in India.
Continuum energy to raise $650 m via bonds
Continuum Green Energy, a renewable energy generator, plans to raise $650 million in bonds to refinance existing debt, with Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers.
Sachin Bansal's Navi Finserv raises Rs 150 crore through NCDs
The finance committee of the board of directors of the company has approved the allotment of NCDs with a face value of Rs 1,00,000 each, totalling Rs 150 crore through private placement, the regulatory filing showed.
Zoho plans $700 million foray into chipmaking
Indian software giant Zoho is considering a $700 million investment in chip manufacturing, focusing on compound semiconductors for specialized applications. The proposal, under review by India's IT ministry, aligns with the country's semiconductor agenda, aiming to compete globally. Zoho seeks government incentives to establish the operation, aiming to diversify its business.
Sensex rises over 150 points as retail inflation eases; Nifty above 22,100
India's retail inflation eased in April, impacting key equity indices positively. Sectors like banking, metal, and energy saw gains, while some faced cuts. Shriram Finance surged over 5% on announcing a housing finance business sale to Warburg Pincus.
India to extend budgetary support of $50 million to Maldives
India extends budgetary support to Maldives by rolling over $50 million treasury bill upon special request. SBI subscribes to Maldives Finance Ministry's bill, aiding infrastructure projects under $800 million Exim Bank credit line, including cybersecurity agreement.
Data collaboration software firm Atlan raises $105 million; valuation nearly doubles to $750 million
Funding led by Singapore's GIC and US-based Meritech Capital values startup at $750 million, up from $450 million in March 2022 when it last raised funds
Atlan’s valuation nearly doubles; decoding PB Fintech’s FY24 financials
Data collaboration software startup Atlan has raised $105 million at nearly double the valuation since its last round. Details on this and more in today’s ETtech Top 5.
Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation
This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.
UltraTech surpasses 150 million tonne of production capacity
The country’s largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe.
Pocket FM completes first ever Esop buyback worth $8.3 million
Pocket FM completes $8.3 million Esop buyback for 800 employees, with 25% Esops vested in the first year. Recently raised $103 million from Lightspeed Ventures and Stepstone Group, aiming for a $1.2 billion valuation with ADIA.
India to have 150 million tonne coal stock by March-end: Coal Minister
India's Union Minister, Pralhad Joshi, announced that the country will have a coal stock of 150 million tonne by the end of March 2024, a 19.53% increase from 125.49 million tonne at the end of March 2023. The stock level has reached 133.97 million tonne, with 45 million tonne being coal-based power plants. The government aims to eliminate coal imports by 2026.
Domestic air passenger traffic to surpass pre-Covid levels to reach 150-155 million this fiscal: Icra
Domestic passenger traffic expected to surpass pre-Covid levels. Stable outlook for aviation industry. Improved pricing power. International passenger traffic to reach peak levels. Momentum in traffic growth expected to continue. Average ATF price and cost structure of airlines remain important factors.
Samara, consortium of investors set up $150-million platform for packaged foods
The platform will be similar to Sapphire Foods, which Samara Capital had set up for food services, which operates Yum! Brands' quick-service restaurant (QSR) chains KFC and Pizza Hut in India. The Samara Capital-backed platform, to be called Agro Tech Foods, has begun with Sundrop edible oil, peanut butter and ACT II popcorn as its first brands.
TVS Motors launches TVS HLX 150F with new features to mark best-selling model's milestone sales
TVS Motor Company has announced that its HLX two-wheeler line has sold 3.5 million units in international markets, reaching 3.5 million units. To celebrate, the company is launching the TVS HLX 150F, featuring added safety features, improved suspension, and improved styling. The model is now available in 50 countries across Latin America, Africa, and Asia.
JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says
Dimon and his family intend to sell 1 million of their 8.6 million shares, the bank had said in a filing last October. Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far.
GenAI platform Kore.ai secures $150 million in funding led by FTV Capital
Kore.ai said the funding would be used to accelerate its market expansion and innovation in AI. Further, Kore.ai added that it automates 450 million interactions a day for about 200 million consumers and two million enterprise users worldwide.
Indian pleads guilty in US for dark web drug enterprise, forfeits $ 150 million in cryptocurrency
According to court documents, Banmeet Singh from Haldwani in Uttarakhand created vendor marketing sites on dark web marketplaces to sell controlled substances, including fentanyl, LSD, ecstasy, Xanax, Ketamine, and Tramadol, the US Department of Justice said in a press release.
Cement industry to add 150-160 million tonnes capacity by FY28: Report
The Indian cement industry is set to add 150-160 million tonnes of capacity from fiscal year 2025 to fiscal year 2028, as it aims to meet rising demand from the infrastructure and housing sectors, according to a report by Crisil Ratings. In the past five fiscal years, the industry has added 119 million tonnes per annum, reaching a total of 595 million tonnes.
Load More
